Learning Outcomes:
On completion of the module students should be able to:
Explain the potential roles of spreadsheet modelling in decision support within an organisation; Discuss the structure, conceptual basis and utility of specific models used to support business decision making; Use spreadsheets in key business applications including data analysis and simulation modelling.
Indicative Module Content:
The module includes the following topics:
(1) Decision support systems and the role of spreadsheet applications
(2) Introductory concepts in modelling with Microsoft Excel
(3) Use of functions: mathematical, financial, logical and statistical
(4) Cost-Volume-Profit model
(5) Analysis of financial data
(6) Investment appraisal model
(7) Inventory management model
(8) Simulation modelling: validation and verification strategies
(9) Stochastic simulation models.